Global Hand Sanitizer Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 21.69 % through 2020 to 2027, reaching US$ XX Mn.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Hand Sanitizer Market
Global Hand Sanitizer Market Overview:
The global hand sanitizer market is seeing an improved demand from healthcare, residential, education, corporate, government, & military sectors. Hand sanitizers are mainly used to sterilize hands to avoid the spread of infections & diseases. One of the key influences driving the demand of market development currently is the ongoing outbreak of the coronavirus, which has been labelled a worldwide pandemic by the World Health Organization. The average demand across the globe have seen an increase of 590%.The extensive usage of hand sanitizers in many sectors, particularly in the healthcare industry, is growing owing to numerous initiative mission by government bodies & NGOs worldwide, urging people to keep hand hygiene & clean by using hand sanitizers regularly.
Growing Health Awareness among Customers:
The rising trend of health awareness among people, which is currently witnessed only amongst certain parts of the society, is anticipated to rise significantly among the populace over the forecast period. The millennial population is growing inclined to pursue a fit lifestyle. Millennials are among the major purchaser segment of hand sanitizers in the market. The influences like ease of use, portability, & conscious necessity for safety against germs have improved the sales of hand sanitizers among millennials.
Rising Demand for Flavored & Organic Hand Sanitizers
To attract customers, main market players have started emerging numerous variants of sanitizers. This has led to the introduction of fragrances in hand sanitizers. These improvements to add scents have offered positive dividends, thereby increasing market growth. The market is also seeing the influx of bio or organic-based hand sanitizers in numerous nations. As individuals are getting conscious of the adverse effects of chemicals present in hand sanitizers, they are more inclined to buying organic hand sanitizers. Natural hand sanitizers are the best suitable for individuals which are prone to suffer from skin issues like eczema or psoriasis.
Gel-based hand sanitizers produced the maximum revenue in 2018, as they are easily offered in the market & need lesser time to efficiently remove germs as related to spray & other sanitizers. However, foam-based hand sanitizers are anticipated to grow at the maximum rate, due to the fact that foam hand sanitizers directly cling to hands while applying. In addition, foam pumps are comparatively smaller than gel or spray pumps, and hence deliver a suitable option to the users. Departmental store accounted for the maximum revenue in 2018, as consumers favor to purchase from store like super markets/hypermarkets. Furthermore, eye-catching discount plans offered by sellers fuel the development of departmental stores. However, online store registers the maximum development rate, due to rise in penetration of mobile phones, increase in e-commerce sales, and ease payment options, & attractive discounts as compared to stores.
Global Hand Sanitizer Market1
The objective of the report is to present a comprehensive analysis of the Global Hand Sanitizer Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Hand Sanitizer Market dynamics, structure by analyzing the market segments and project the Global Hand Sanitizer Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Hand Sanitizer Market make the report investor’s guide.
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Global Hand Sanitizer Market, By Product
Global Hand Sanitizer Market, By Distribution Channel
• Hypermarket & Supermarket
• Specialty Store
• Drugs Store
Global Hand Sanitizer Market, by Region
• North America
• MEA & Africa
• Latin America
Global Hand Sanitizer Market Key Players
• Reckitt Benckiser Group plc
• Procter and Gamble
• The Himalaya Drug Company
• GOJO Industries, Inc.
• Henkel AG and Company
• Chattem, Inc.
• Best Sanitizers, Inc.
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